we were too quick to move stop loss to our entry last time and got stopped out. This time have we Triple confirmation, EMA's crossed bullish and we have RSI / MACD indicators supporting further upward movement
Note
SL moved to 7250Trade closed manually
Note
due to sell signal i've closed 50% of the position.Note
Reaming sl moved to 7350Note
Remaining**Note
target profit has moved down as well. we are in no mans land and its not a particularly interesting position nor trade i want to be in, but that is how the situation developed. Bears are in control on the ADX and DI, and we have 3 SMA daily resistances overhead within a 200$ range. I highly doubt we will be able to break them. Due to my low position sizing i am willing to get stopped out. We did as well solidify a small loss when we were in the red. Slightly above entry now, and going to take profit if we reach close to the new target
Note
Daily SMA 50, 100, 300 are between 8600 and 8400.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.